Oil and Gas

U.S. President Barak Hussein Obama promised “hope and change” in 2008. It has become clear to most Americans that there is now no hope of stopping him from imposing his personal agenda of change on the entire country, whether it’s in the best interest of the country or not. The self-proclaimed student of the United […]

Lucky Belgium. BP announced today that it plans to invest over $200 million to upgrade its purified terephthalic acid (PTA) plants at Cooper River, South Carolina and Geel, Belgium. The investments will position these assets amongst the most efficient PTA manufacturing facilities in the world. “This allows us to apply our latest proprietary technology and […]

Four o’clock in the afternoon is a favorite time of the day for the executives of U.S.-listed companies to make major announcements. And when they do, they can generate a flurry of activity from the trading floor to the front page. Technically, there has been no major announcement from either Halliburton (NYSE:HAL) or Baker Hughes […]

Gulfsands Petroleum shares (LSE:GPX) have been falling and it would be logical to keep on selling them. As the shares fall further, buyers are being hit repeatedly because they refuse to honor the power of the bear at the moment. The viper does not tolerate insults. In the chart, the ADX period 14 is around […]

Will they takeover? BP have said that they are now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and evaluate EOR technologies. It measures the effectiveness […]

Award of blocks in the competitive 2013 EGAS bid round BP Egypt has confirmed today that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks over different phases. Block 3 – […]

BHP Billiton (LSE:BLT) apparently ascribes to the policy of “Don’t ask for permission. Ask for forgiveness.” Reasonble certain that their legal department has found a loophole in a long-standing ban on export of U.S. crude oil, the Anglo-Australian energy giant has set in process a plan to act without permission. That could be risky business. […]

Gulf Keystone shares (LSE:GKP) have been making commendable effort to go bullish. The price bottomed last month and since then has rallied. It is possible that the rally may be sustained in spite of occasional pullbacks, which are normal. You need to know the historical performances of your trading approach so that you can trade […]

Down £0.7bn on Q3 2013 BP has reported its financial results for the third quarter of 2014. Underlying replacement cost profit for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6.3 billion in 3Q 2013. Total operating […]

Operations Update for Shoats Creek Field, Louisiana North American Petroleum Plc, a company focussed on developing its interests in proven US onshore oil and gas formations, has provided an update on its 1,670 gross acre Shoats Creek Project, in Louisiana where NAP holds a 35%/26.25% working/net revenue interest alongside Northcote Energy (35% WI), and Springer […]